The Tax Benefit of Income Smoothing

A worker can contribute pre-tax dollars to a private pension plan. Under a progressive tax, this feature reduces income taxes. Ippolito (1986) argues that an individual in 1979 can reduce lifetime taxes by 20%. We re-examine his analysis using the complete time-series of US income tax history and find that the tax benefit of income smoothing is much smaller

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Year of publication:	2013
Authors:	Rydqvist, Kristian
Other Persons:	Schwartz, Steven T. (contributor) ; Spizman, Joshua D. (contributor)
Publisher:	[2013]: [S.l.] : SSRN
Subject:	Sparen \| Savings \| Steuervergünstigung \| Tax incentive \| Altersvorsorge \| Retirement provision \| Steuerprogression \| Progressive taxation

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Extent:	1 Online-Ressource (11 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	In: Journal of Banking & Finance 38 (2014) 78–88 Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments June 1, 2013 erstellt
Other identifiers:	10.2139/ssrn.1836577 [DOI]
Classification:	G11 - Portfolio Choice ; G18 - Government Policy and Regulation ; G23 - Pension Funds; Other Private Financial Institutions ; H24 - Personal Income and Other Nonbusiness Taxes and Subsidies ; D91 - Intertemporal Consumer Choice; Life Cycle Models and Saving
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10013093474